Smart-contract platform Avalanche’s ability to scale while remaining secure and decentralized makes it a credible alternative to Ethereum for DeFi projects, NFTs, gaming and other assets, Bank of America said in a research report.Avalanche’s subnet feature is increasing adoption, the bank said, with more than 380 projects built on the platform.“Subnets enable faster time-to … [Read more...] about BofA Says Avalanche’s Scaling Capability Offers Viable Alternative to Ethereum
Avalanches
3 important factors driving Avalanche’s 504% growth
Since the previous article on Avalanche in September—”Avalanche Gains Momentum as Blockchains Battle Breaking Out” by Footprint — Avalanche’s TVL has risen from $2.3 billion to $13.9 billion.Footprint Analytics: Avalanche TVL1. Sustained ecosystem supportThe Avalanche Foundation launched Avalanche Rush on August 18, a $180 million liquidity mining incentive program that drove … [Read more...] about 3 important factors driving Avalanche’s 504% growth
Avalanche’s first memecoin SDOG ends in a $30M rugpull
SnowdogDAO (SDOG), the first memecoin to launch on Avalanche, lost over 90% of its value yesterday in what many believe was the platform’s largest rug pull.Despite millions of dollars in investments lost, the SnowdogDAO team maintains that the event wasn’t a rug pull, but a “game-theory experiment” gone wrong.Insiders front-run a token designed to avoid front runningSnowdogDAO, … [Read more...] about Avalanche’s first memecoin SDOG ends in a $30M rugpull
Avalanche’s AVAX Token Surges to All-Time High After Deloitte Deal, Defying Crypto Trend
AVAX has soared in price recently, trading at $104.21, up 85% in the last month alone. The gains pushed the token’s market capitalization to about $23 billion, vaulting past Terra’s LUNA token to become the fifth-largest among Ethereum competitors, or so-called layer 1 alternatives. Source link … [Read more...] about Avalanche’s AVAX Token Surges to All-Time High After Deloitte Deal, Defying Crypto Trend